Norwegian shipowner 2020 Bulkers has reached time charter agreements for three of its newbuildings with Koch Supply & Trading, a subsidiary of Koch Industries.Bulk Sandefjord has secured a new 36 months time-charter at an index-linked rate, reflecting a premium to the Baltic 5TC index…
The provider of software-as-a-service based shipping and logistics solutions, CargoSmart has announced the official execution of the Global Shipping Business Network (GSBN) Services Agreement with shipping majors.According to a statement from the shipment management software company…
Water levels along the Rhine river, a key waterway for transporting commodities and other products from coastal areas to inland locations in France, Germany and Switzerland, fell to their lowest since May 21, Refinitiv Eikon data showed.Levels…
Cestra “Ces” Butner will serve a third term as President of the Port of Oakland Board of Port Commissioners. President Butner joined the Board of Port Commissioners in 2012. He first served as President from July 2013 to July 2014. He was voted to a second term in July 2018…
Samskip, a European multimodal service provider group, appointed Kari-Pekka Laaksonen as the Group Chief Executive.Laaksonen, who takes up his post at Samskip’s Rotterdam headquarters on August 1st, 2019, is the former CEO of Samskip competitor Containerships…
U.S. Customs and Border Protection (CBP) officers seized 1,626 counterfeit Edison Professional speakers in Philadelphia July 9. If authentic, the speakers would have a manufacturer’s suggested retail price (MSRP) of $253,572.The speakers arrived in two shipments to Philadelphia from China June 13…
Freight volumes in the United States and around the world are falling, signalling tougher times for manufacturers amid escalating trade tensions and heightened uncertainty.Freight volumes in the United States were up by just 0.8% in the three…
The Port of Los Angeles moved 764,777 Twenty-Foot Equivalent Units (TEUs) in June, the busiest June in the Port’s 112-year history.The month marked the end of Fiscal Year 2018-19 in which the Port moved 9,688,252 TEUs, a 5.7 percent improvement over the previous fiscal year…
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has announced new China-Thailand direct service and Thailand - Indonesia express service.Under the impact of rising global trade tensions, a relocation and adjustment of cargo flow and supply chains is expected…
Nakilat said for the first half of the year ended June 30, 2019 that it achieved a net profit of $130 million compared to $122 million during the same period in 2018, an increase of 7%.Nakilat’s financial performance is driven by the acquisition…
The Jacksonville Port Authority (JAXPORT), the No. 1 port by container volume in the State of Florida, has announced that transportation industry professional Lisa Wheldon has joined the organization as Director, Cargo & Intermodal Rail. Wheldon…
Singapore-based shipping company Pacific International Lines Pte Ltd (PIL) announced improvements to its Southeast Asia to Australia services to meet the changing needs of the markets.PIL's current Australia-Asia Alliance Service 1 and 2 (AA1…
Russia has launched a complaint at the World Trade Organization to challenge U.S. anti-dumping measures on imports of hot-rolled flat-rolled carbon-quality steel from Russia, it said in a filing published by the WTO on Tuesday.The Russian complaint listed eight separate U…
Last month Maritime Reporter & Engineering News was invited to join Admiral Karl Schultz, the Commandant of the United States Coast Guard, on a trek to New Orleans for an underway tour on board a mid-stream transfer operation in the Mississippi River…
The Saudi Arabian logistics and transportation giant Bahri has announced the launch of its ‘iSupplier’ portal, as part of further strengthening its commitment to enhancing the quality of its services and deepening business relationship with key partners…